Mixed-Use Building with
For Sale
Contact for pricing
641 W Main St, Peoria, IL 61606
WM-zoned property combines ground-floor commercial space with occupied apartments and private rear parking.
Property Size7,369 SF
Price / SF$44.10
Days on Market197
Property Features for 641 W Main St
General Information
Standard status
Active
Size
7,369 SF
Property subtype
RETAIL
Zoning
WM
Building Details
Tenancy
Multi
Listing Agency:
Maloof Commercial
(309) 693-3000
Listed By:
Zac Maloof · License ##475.124025
Source:
Moodyscre
Added: Feb 16
Changed: Aug 31
Last Checked: Aug 31 at 12:31AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Maloof Commercial
Investment Insights
Based on property information with market context.
This 7,369-square-foot mixed-use building includes commercial space at street level and three occupied residential units above. Each apartment has two bedrooms and one bathroom, with balconies providing private outdoor space. The ground-floor commercial component includes two fully renovated units, along with upgraded HVAC serving one commercial unit. A private surface parking lot is located behind the building.
The property also includes billboard income and established retail tenancy, with main-level occupants in place for over 9 years. Capital improvements include tuckpointing, exterior painting, a new roof, replacement windows, and a new boiler. WM zoning supports the property’s mixed commercial and residential configuration. The building is within walking distance of the arts hub on Sheridan and major hospitals.
The property also includes billboard income and established retail tenancy, with main-level occupants in place for over 9 years. Capital improvements include tuckpointing, exterior painting, a new roof, replacement windows, and a new boiler. WM zoning supports the property’s mixed commercial and residential configuration. The building is within walking distance of the arts hub on Sheridan and major hospitals.
Key Highlights
- 7,369‑square‑foot mixed‑use building with commercial space and three residential units
- Three occupied 2‑bed 1‑bath apartments, each with a balcony
- WM zoning and private rear surface parking lot
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,411
Businesses Nearby
Explore this area
Business Placement
Demographics for 61606, IL
6,798
Population
2,898
Households
2.3
Avg Household Size
26
Median Age
40%
College-Educated
92%
High-School Grad
1.2 sq mi
ZIP Area
5,665
Density / Sq Mi
$41,023
Median Household Income
$14,738
Median Earnings
$907
Median Rent
$119,800
Median Home Value
Market
Vacancy Rate% for Multifamily in Midwest region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - WM-zoned property combines ground-floor commercial space with occupied apartments and private rear parking.
Where is this mixed-use property located?
The property is located at 641 W Main St Peoria, IL.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 7,369‑square‑foot mixed‑use building with commercial space and three residential units; Three occupied 2‑bed 1‑bath apartments, each with a balcony; WM zoning and private rear surface parking lot
